FURTHER FURTHER READING
- Ashok Rao on wealth inequality.
- Martin Wolf: Why Abenomics will disappoint.
- An economics storybook for kids.
- North Carolina shows how to crush the unemployed.
FT EVENING ROUND-UP
Threats to US stability abate, says report: "Threats to US financial stability have abated in the past year but vulnerabilities remain, including rising interest rates, increasing risk taking in the loan market and uncertainty about US fiscal policy, according to a government report on Tuesday. The Treasury department's Office of Financial Research said it had developed a prototype Financial Stability Monitor, a tool that will track threats and the links between them." (Financial Times)
Russia cuts deal to finance Ukraine: "Russia said on Tuesday it would invest $15bn into Ukrainian bonds and temporarily cut gas prices to Kiev by a third in a bailout of its neighbour's ailing economy that will sharply increase its influence over the ex-Soviet republic. There was no talk of Ukraine joining a Russian-led customs union with other ex-Soviet states, which would have prevented Kiev from signing any future trade and co-operation deal with the EU." (Financial Times)
Banks to gain more control over trader chat via Bloomberg: "Banks will be given more control over traders' instant messages, Bloomberg has announced, as the data provider tries to redeem the reputation of tools now associated with market manipulation. Electronic chats were used to rig interest rate markets, where they left a colourful trail of promised steak dinners and champagne, and officials are examining their use in foreign exchange trading." (Financial Times)
